Spry-LTD is a scammer disguised as a broker!Paul Roberts 07 / March / 22 Visitors: 377
Spry-LTD, an internet broker operating in England, is a scam with a tarnished reputation.
When we go to the official website of Spry-LTD - spryltd.com, we will find that our organization provides Forex services in Britain. In addition, Spry-LTD provides programs for financial transactions.
Our employees analyzed the Spry-LTD website, got acquainted with the terms of operations, attempted to get demo access to the services, investigated the availability of securities, the region of registration of the organization.
With the help of the data obtained, we will figure out: Spry-LTD - a divorce or not?
We will also explain to you how not to fall into the network of scammers, about their methods of operation. We'll give you the information you need to keep your money safe.
Spry-LTD is offshore
A serious sign that says that Spry-LTD is a scam is the country of residence. The company is documented in the Marshall Islands, which is already suspicious, since Spry-LTD operates in Britain. Offshore countries are popular with scammers due to the lack of laws and oversight.
Also, this state does not have the authority to trade in the Forex market.
Also, when our employees tried to find the real address, data on the owners and management of spryltd.com, they could not find anything.
This suggests that spryltd.com is an illegal online broker, working with which can result in large financial losses.
Missing Spry-LTD Directors Data
After examining the website, we have not been able to identify reliable information about the organizers of the company spryltd.com. No address, no phone numbers or other methods to get in touch.
We think that this means that the real directors are trying to hide themselves in order to elude the answer for the crimes. And even if you manage to identify one of the managers of Spry-LTD, then everything will end there, and the organizers of the fraudulent organization will remain at large with money.
Spry-LTD, website - spryltd.com, is less than 30 days old
Spry-LTD's website speaks of significant forex experience.
The main method of checking any website is to obtain data about the domain name. Usually, they indicate the period of existence of the domain name, contact information of the owner.
In a specific case, the Spry-LTD domain name is less than thirty days old, and the information about the legal entity or individual that owns it is classified. Another proof that the organizers of Spry-LTD are trying to keep incognito.
This desire can be understood, but not when it comes to a company acting as an intermediary between the client and the Forex market.
At the same time, spryltd.com themselves assure their clients that they have been successfully trading on Forex for a long time.
Spryltd.com does not have a demo period
It is a normal practice for Internet brokers to give their clients a demo version of their software so that they get acquainted with the interface, try their hand at playing Forex with fake money.
Unfortunately, on the official website of spryltd.com, we did not find any mention of a demo period, an opportunity to try out the software.
Most likely, the management of Spry-LTD, most likely, does not plan to give traders test access to paid software, as someone may begin to suspect something is amiss.
Internet broker spryltd.com operates with a negative score
Registered organizations that operate on Forex do not use a negative balance in their activities. In accordance with the laws, an online broker's trader is unable to spend more now on his balance sheet. In situations where the balance goes into a negative value, its debt will be required to be repaid not by the client, but by the company that provided the services.
- Therefore, official online brokers do not use a negative balance in their activities.
- And yet, spryltd.com provides traders with a negative balance, that is, on credit.
Why is this needed?
In order to drive the client into debt and extort him to repay the loan. This is one of the most popular methods of fraud used by bandits.
If this happens, it must be remembered that deceivers have no opportunity to receive investments under UK law. Any methods of pressure on customers are considered illegal. The most that scammers can do is to disturb with calls, write messages with demands.
Spry-LTD cannot be dealt with, as any arrangements will result in costs.
Spry-LTD operate with a credit ratio of 1 to 400 or more
Already, it is clear that Spry-LTD are criminals. Nevertheless, let us point out another nuance, namely, the presence of too much leverage.
The credit ratio is the ratio of the finances of users and online brokers when making a transaction. Leverage allows you to close large deals to users who do not have the appropriate money with them.
In order to protect Forex traders, in civilized countries, the legislation provides for the use of leverage with the largest ratio of 1 to 30, in exceptional cases fifty.
At the same time, Spry-LTD applies a leverage of one to 400 for Forex operations.
Such an attitude is legalized in Switzerland, since firms registered in this state enjoy high confidence. But Spry-LTD is not registered there.
In fact, Spry-LTD is not authorized to trade Forex with such leverage due to the high risk to clients. Actually, this is only used to force the client not only to transfer more personal funds, but also to drive him into debt.
Spry-LTD Local Branches
It is considered solid for every financial organization to have local offices in civilized countries, even if the work takes place only in the UK. Therefore, Spry-LTD reports that in addition to a large number of awards, they have regional divisions in England, Australia and other civilized countries, and in addition about a large number of qualified specialists.
It is very easy to check the availability of these offices. After all, there are industry organizations that regulate the activities of online brokers. In England it's FCA, in Australia it's ASIC.
That is, a legal organization must have official documents from these or other organizations that will prove their right to provide services for Forex trading operations, regulate the degree of responsibility.
However, after checking industry websites, our staff did not find them. This once again reinforces the fears.
To register on spryltd.com, you need to transfer personal data
As we said earlier, Spry-LTD does not have a demo period and therefore, in order to gain access, you must immediately transfer the minimum payment to Spry-LTD bandits. Also, access to the spryltd.com personal account is possible only upon successful completion of the client confirmation.
This means that Spry-LTD requires users to submit information such as:
- Data about an individual;
- Information about the permanent place of residence (payments for a communal apartment);
- Data about qualifications, experience, place of work.
In addition, with the initial payment, the bandits are able to access bank account information.
As a result, this data may allow fraudsters to put credit on a gullible user, or to carry out other illegal actions.
Since registration on the spryltd.com website requires the transfer of personal data, our specialists were unable to access the Spry-LTD personal account and Forex applications.
Opinions about Spry-LTD
A very important point of exposing Spry-LTD is the analysis of feedback from traders.
A careful study of the SERPs in search engines gave us the following information:
- Most references to Spry-LTD on the internet are fake. These are the same type of positive mentions and comments of the paid type;
- All genuine Spry-LTD reviews are bad. Our experts could not find reliable references and comments from former users of spryltd.com, which would mention good earnings, effective trading.
- Negative reviews and mentions are associated with fraudulent activities, theft of investments, artificial creation of debt.
Because of this, reviews of Spry-LTD say that this online broker is a scammer.
Spry-LTD contact details and white papers
Having studied the information on spryltd.com, we found many questionable digital documents that can be easily made using a graphic editor. They are not confirmed by official firms, which means they cannot be trusted.
If the broker is not associated with regulatory organizations, then clients simply have nowhere to turn for help.
On the "Contacts" page, our experts found a phone number. It turned out that it had already been used by an illegal online broker. There are also many reviews on the web about fraudulent activities associated with the phone number listed on spryltd.com.
Withdrawing money from spryltd.com
Are you going to make money with the help of Forex online broker? Make sure that you can take away investments from him.
After analyzing the trade agreement on the official website of Spry-LTD, our employees did not see clear information about the methods of withdrawing money. At the same time, our experts identified the mention of requisitions for the inactivity of the account, while there was no data on the amounts. Since scammers do not operate in the official field, it will not be possible to cancel these fines.
Because of this, if the user has ended cooperation with Spry-LTD, they can call and send messages demanding to pay a fine.
How does Spry-LTD operate?
Suspicious and the way to find customers that uses Spry-LTD.
For promotion, fake social media accounts are used, in which fake users spread information about how they quickly managed to get rich by making transactions in the Forex financial market using Spry-LTD. Advertising profiles show expensive cars and real estate, trips to resorts and other signs of a rich life.
Fakes promise instant income growth, for which you do not need to study or put in a lot of effort.
When a user comes into contact with criminals, Spry-LTD employees report the reality of making quick money, as well as some unique abilities of their software that will allow them to earn serious money instantly.
After that, various tricks go into work, allowing you to get as much investment from the trader as possible. For example, you may be given a fake profit in order to motivate you to give more deposits.
If trading on the Forex financial market turns out to be negative, the representative of the organization will recommend transferring even more in order to compensate for the debt.
Spry-LTD employees operate according to algorithms that were developed by experienced manipulators. Scammers analyze information about the client in order to influence vulnerabilities and lure out even more finances.
As a result, everything will come to one of two ends:
- If you want to receive money before you find yourself in the red, you will be charged fees, forbidden to use the balance, and will do everything to force you to pay even more;
- If you allow gangsters to drive into a credit account, there will be threats, criminals will start extorting payment of a fictitious debt.
Another way to make money for Spry-LTD is to sell your personal information to third parties. We assume that, as a result, complete information about you can be obtained for a moderate amount on an anonymous Telegram channel on the dark web.
Surely, because of this, various scammers, sellers, etc. will start calling you. It is also worth waiting for letters from Spry-LTD accomplices who will offer a "return" of lost investments, of course for a fee.
Since Spry-LTD does not operate in a regulated field and remains incognito, they cannot be held liable under current UK law. The owners of the fraudulent company are carefully hiding and, at best, the police will be able to arrest one of the "managers".
Can Spry-LTD be trusted?
In no case!
If you plan to transfer money to the bandits, then it is better to transfer them to a good deed.
Let's briefly state the facts that Spry-LTD are scammers:
- No official registration;
- No demo period;
- Lack of information about the owners of the company;
- The phone is seen in criminal fraud;
- Negative balance;
- Credit ratio greater than one to 50;
- Bad reviews;
- False information on the website.
Spry-LTD Complete Review - Completed. Obviously Spry-LTD are scammers.
We have compiled a complete Bad Reputation Brokers.
Paul Roberts 51 years old Born in Edinburgh. Married. Studied at University of Oxford, Department of Public Policy and Social Work. Graduated in 1997. Works at Standard Life Aberdeen plc.